312 E Glenwood Avenue

Wildwood, NJ, 08242

$749,777

$749,777
Active
Active
 - For Sale
property_type
Multi-family
Amazing Opportunity just over 1 block to the World Famous Wildwood Beach and Boardwalk. This Beautiful Brick Building is not only perfect for the Investor ($65-70k income potential), but is ideal for 2 families looking to purchase together. This is also the perfect property for a condo conversion. This property could sell for $400k +/Unit with the Top Floor Fetching Over $475,000. The 1st Floor is a 3 Bedroom 2 Bath Flat with Spacious Front porch, Living room, dining room, kitchen and Laundry. The 2nd floor, 5 Bedroom Townhouse's first floor is similar to the First floor, but features exposed brick in the Living Room, Dining and Bedrooms as well as and additional 3rd Floor. The 3rd Floor is currently set up as 2 Bedrooms and Bath, but is also perfect for a 2nd Living Room and Bedroom. The Owner has recently redone decks and railings. He also upgraded the heating and cooling systems by installing 10 mini splits to provide gas powered heating and cooling. Please ignore old pics of wall air conditioning. There is a Gas Boiler that is only 3 years old as well as a large detached garage type shed in the rear of the home. Please note that the rental rates are based on similar 3 and 4/5 bedroom units and your rentals may vary. Current owner is renting Downstairs between 375-475 night and upstairs between $500-$700/night via Airbnb
MLS® ID:
221990
Listed:
6/24/22
Updated:
10/1/22
Tim Kerr Sotheby's International Realty
Ryan Vince

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Air, Gas
Heating
Gas Natural, Forced Air

Exterior/Building Features

Exterior Features
Patio, Deck, Enclosed/Cov Patio, Storage Building, Cable TV, Sidewalks, Outside Shower
Sewer
City

Other Property Details

Area Name
Wildwood
Taxes
$6543.13
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Cape May County
Water Source
City
Pool
No

 

Courtesy of LONG & FOSTER REAL ESTATE, INC av, Brian Reed

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ryan Vince shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2022 Cape May County Association of REALTORS, Inc. All rights reserved.

Data last updated 5:11 PM UTC 10/1/22

Tim Kerr Sotheby's International Realty
Ryan Vince
Contact